Page:United States Statutes at Large Volume 76.djvu/577

 76 STAT.]

P U B U C LAW 87-653-SEPT. 10, 1962

529

"(4) Prior to the pricing of any contract change or modification to a subcontract covered by (3) above, for which the price adjustment is expected to exceed $100,000, or such lesser amount as may be prescribed by the head of the agency. "Any prime contract or change or modification thereto under which such certificate is required shall contain a provision that the price to the Government, including profit or fee, shall be adjusted to exclude any significant sums by which it may be determined by the head of the agency that such price was increased because the contractor or any subcontractor required to furnish such a certificate, furnished cost or pricing data which, as of a date agreed upon between the parties (which date shall be as close to the date of agreement on the negotiated price as is practicable), was inaccurate, incomplete, or noncurrent: Provided, That the requirements of this subsection need not be applied to contracts or subcontracts where the price negotiated is based on adequate price competition, established catalog or market prices of commercial items sold in substantial quantities to the general public, prices set by law or regulation or, in exceptional cases wjiere the head of the agency determines that the requirements of this subsection may be waived and states in writing his reasons for such determination." (f) The first sentence of subsection 2310(b) is amended to read as 7OA Stat. 132. follows: "Each determination or decision under clauses (11)-(16) of section 2304(a), section 2306(c), or section 2307(c) of this title and a decision 72 Stat. 967. to negotiate contracts under clauses (2), (7), (8), (10), (12), or for property or supplies under clause (11) of section 2304(a), shall be based on a written finding by the person making the determination or decision, which finding shall set out facts and circumstances that (1) are clearly illustrative of the conditions described in clauses (11)-(16) of section 2304(a), (2) clearly indicate why the type of contract selected under section 2306(c) is likely to be less costly than any other type or that it is impracticable to obtain property or services of the kind or quality required except under such a contract, (3) clearly indicate why advance payments under section 2307(c) would be in the public interest, or (4) clearly and convincingly establish with respect to the use of clauses (2), (7), (8), (10), (12), and for property or supplies under clause (11) of section 2304(a), that formal advertising would not have been feasible and practicable." (g) Section 2311 is amended to read as follows: 7OA Stat. 132. "§231i: Delegation "The head of an agency may delegate, subject to his direction, to any other officer or official or that agency, any power under this chapter except the power to make determinations and decisions under clauses (11)-(16) of section 2304(a) of this title. However, the power to make a determination or decision under section 2304(a) (11) of this title may be delegated to any other officer or official of that agency who is responsible for procurement, and only for contracts requiring the expenditure of not more than $100,000." (h) The amendments made by this Act shall take effect on the first Effective date. day of the third calendar month which begins after the date of enactment of this Act. Approved September 10, 1962. 78135 0-63—37

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